Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026)
Caledonia Mining (CMCL) posted quarterly Return on Capital Employed of 19.71% for Q1 2026, down 97.0% YoY from 657.03% in Q1 2025, and down 9.14% sequentially from 21.69% in Q4 2025.
Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Caledonia Mining has disclosed Return on Capital Employed across 17 years of filings, most recently posting 19.71% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 97.0% year-over-year to 19.71%; the TTM figure through Mar 2026 stood at 19.71% (down 97.0% YoY), while the FY2025 annual figure was 40.18%, up 2451.0% from the prior year.
- Return on Capital Employed fell to 19.71% in Q1 2026, from 21.69% in the prior quarter.
- Over the last five years, Return on Capital Employed for CMCL reached as high as 21.9% in Q2 2022 and fell as low as 1.69% in Q3 2023.
- The 5-year median for Return on Capital Employed is 15.99% (2024), against an average of 13.93%.
- Annual changes were most pronounced in 2023 — Return on Capital Employed plunged 1961 bps — and 2025, when it jumped 1363 bps.
- A 5-year view of Return on Capital Employed shows it stood at 19.61% in 2022, then plunged by 81 bps to 3.82% in 2023, then surged by 318 bps to 15.99% in 2024, then soared by 36 bps to 21.69% in 2025, then decreased by 9 bps to 19.71% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 19.71%, 21.69%, and 16.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 9.05% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 41.57% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 21.10% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | - |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | - |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | - |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 19.41% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | - |
| 10 | Caledonia Mining | 3.20 Bn | 3.06 Bn | 32.10 Mn | 19.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.71% |
| Dec 31, 2025 | 21.69% |
| Sep 30, 2025 | 16.95% |
| Jun 30, 2025 | 11.50% |
| Mar 31, 2025 | 20.68% |
| Dec 31, 2024 | 15.99% |
| Sep 30, 2024 | 10.71% |
| Jun 30, 2024 | 11.20% |
| Mar 31, 2024 | 7.05% |
| Dec 31, 2023 | 3.82% |
| Sep 30, 2023 | 1.69% |
| Jun 30, 2023 | 2.83% |
| Mar 31, 2023 | 10.66% |
| Dec 31, 2022 | 19.61% |
| Sep 30, 2022 | 21.30% |
| Jun 30, 2022 | 21.90% |
| Mar 31, 2022 | 19.43% |
| Dec 31, 2021 | 19.37% |
| Sep 30, 2021 | 19.35% |
| Jun 30, 2021 | 18.33% |